Dallas, TX 75238 Real Estate Market Report

ZIP Code: 75238
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the housing market in Dallas, TX (ZIP: 75238) is characterized by a median sold price of $686,250, reflecting a stabilization in home values following a recent correction. The market has experienced a down trend in prices year-over-year, indicating a shift towards a more balanced environment where buyers may have more negotiating power. Homes are taking longer to sell, with a median days on market of 216, suggesting slower sales velocity and a potential adjustment period for both buyers and sellers.

The current market conditions reveal elevated inventory levels, with excess supply relative to sales activity. This situation may indicate that sellers are adjusting their expectations in light of the current market dynamics. Despite the cooling for-sale market, strong job growth and in-migration continue to support long-term rental demand, although rental prices are also stabilizing or slightly decreasing, with a median market rent of $1,972. Overall, the market appears to be in a transitional phase, balancing between buyer and seller interests while adapting to economic pressures.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Dallas area around 5.75% are lower than the February 2026 average of 6.17%, presenting a potential cost-saving opportunity for property owners.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $686,250 indicates a stabilization in home values following a recent correction.

2. Homes are experiencing a median days on market of 216, reflecting slower sales velocity and potential pricing adjustments.

3. The market is showing a down trend in prices year-over-year, suggesting a shift towards a more balanced environment.

4. Elevated inventory levels indicate excess supply relative to sales activity, which may provide buyers with more options.

5. The median market rent of $1,972 suggests that rental prices are stabilizing, reflecting broader market trends.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.